Building Software Businesses for an AI Future
Software-as-a-Service (SaaS) businesses are facing disruption as AI agents reshape how users interact with software, leading to falling valuations and market saturation in some segments. While some predict the end of SaaS, the reality is more nuanced: AI agents are not replacing SaaS but redefining the user interface layer. Companies like Pxl are adapting by building dual interfaces for both humans and AI agents, focusing on underlying value rather than just UI. Founders must assess whether their product's value lies in defensible assets like proprietary data, compliance, or deep integrations.
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AI Building Software Businesses for an AI Future Bernhard Hauser 25 Apr 2026 · 3 min read Read by Bernhard Hauser (not AI)0:00/324.5714581×Software-as-a-Service (SaaS) has been the darling of investors and founders alike: build once, charge forever, watch margins expand as revenue scales faster than cost.But once AI has entered the market and found product-market-fit with software development, SaaS valuations have fallen off a cliff. My take is, they will not recover.Many AI enthusiasts are proclaiming the death of software as we know it, because agents will take over everything and make SaaS obsolete.Personally, I don't buy it. But I also don't think things stay the same.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Growing Ventures.